Phase 2 Sale

Users who have participated in minting StableX and who have provided liquidity to Uniswap or Curve are able to participate in the second phase of the sale.

There are a total of 1200 ARCx tokens as well as any tokens left over from the Phase 1 sale that have been allocated to this round, with a price of 6,500 USDC per ARCx token.

The sale will start on the 4th March 2021 and end on the 9th March 2021

The Curve pool itself is hosted on not on


  • Eligibility period: January 20th to March 3rd, 2021 (UTC)

  • Sale: March 4th to March 9th, 2021

  • Exclusively available to users who have minted STABLEx and provided liquidity for STABLEx on Uniswap or Curve for since the launch of Farm #5 (19th Jan).

  • Price: $6,500 per token, representing a $65m fully diluted valuation.

  • ARCx available for purchase: 1200 tokens, plus any remaining tokens from Phase 1 (12% + roll over from phase 1)

  • Maximum per buyer: Calculated based on time spent providing liquidity * $ value of liquidity provided.

  • ⅓ of the purchased tokens will be unlocked upfront and the remaining ⅔ will be unlocked after 6 months

  • If there are any unclaimed allocations, they will be sold at the discretion of the ARCx team at no less than $6,500 per token


For simplicity we will assume that 1 USDC = 1 STABLEx = 1 USD

To calculate the number of ARCx tokens you are eligible for you first take the total amount of liquidity on a per second basis, where the total amount of liquidity is the sum of all of your USDC and STABLEx.

You then take this number and calculate it as a percentage across all wallets to get your weight (i.e. your liquidity / total liquidity)

Finally, you multiply this percentage by the total amount of ARCx available to purchase


  1. You deposit 10 USDC and 10 STABLEx for 10 seconds. In this instance you will have 10 * (10 + 10) = 200

  2. You then remove 5 USDC and 5 STABLEx for another 10 seconds. For this time period you have 10 * (5+5) = 100

  3. You finally remove all liquidity and wait until the pool to end. In this example you simply take the sum of the two so 200 + 100 = 300

  4. Let's say there was another 3000 in liquidity over time. Your weight is then 300 / 3000 = 0.1

  5. Say there are 1200 ARCx tokens, you will be eligible for 1200 * 0.1 = 120